Regulatory Alerts2025-04-28
Memorandum of Understanding between RBNZ and APRA
The Reserve Bank of New Zealand and the Australian Prudential Regulation Authority established this non-binding framework to facilitate cooperation in banking and insurance supervision. The agreement mandates the exchange of confidential information regarding cross-border establishments, fitness and propriety assessments, and ongoing supervisory actions to ensure the safe and sound functioning of regulated entities. It further outlines protocols for handling legal disclosure requirements, conducting on-site inspections, and sharing regulatory policy developments while respecting domestic laws and national security interests.
Share